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Want to Understand America? Watch ‘Shark Tank.’
  + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +19 min
“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.
Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, , Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, , Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, , Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens
Greiner opened up about the evolution of cloud technology and generative AI in the public sector. What's the current demand for AI, particularly generative AI, in the public sector? Cloud went through a similar process, and I think lessons were learned that are now applied to generative AI. Can you provide examples of how generative AI is deployed in the public sector? Are general attitudes toward generative AI receptive or cautious in the public sector?
Persons: Tom Greiner, Accenture's, Greiner, , we've, they've, there's, We've, Cloud, it's Organizations: Service, Accenture, Department of Homeland Security, Business, Data, National Institute of Standards, Technology, It's, NIST, Excellence, District of Columbia Department of Health, Amazon Web Locations: Europe, United States, Germany
Seven years ago, Dawn Myers saw Lori Greiner invest in a woman-owned hair company on ABC's "Shark Tank." She felt inspired, and started her own hair company catering to curls and coils. Today, Myers is the founder and CEO of Washington D.C.-based The Most, a parent company for brands Richualist and The Most Curls. Myers, a lawyer by training, said her lack of beauty, tech and engineering experience made it hard to attract investors. She ultimately raised $1.1 million in venture capital while undergoing surgeries and chemotherapy treatments, a Richualist spokesperson tells CNBC Make It.
Persons: Dawn Myers, Lori Greiner, Myers Organizations: Washington D.C, The, CNBC
Mark Cuban and Justin Huang have a mutual love for education — and a mutual hate for killing bugs. The two hit it off on Friday's episode of ABC's "Shark Tank," where Huang pitched his product, Cup-a-Bug, to the show's investor judges. A self-proclaimed "bug sympathizer," Huang created the contraption for a simple reason: "I'm just terrified of bugs, even from [childhood]. The investors encouraged him to take a minute to gather his thoughts and keep going, with Cuban yelling, "You're good!" Mark Cuban checking out the Cup-a-Bug on ABC's "Shark Tank."
Persons: Mark Cuban, Justin Huang, , Huang, We've, Lori Greiner chimed, Cuban, Huang's, Chapman, Daymond John, Mark, Christopher Willard Organizations: University of California, Irvine, LinkedIn, Disney Locations: Irvine , California, Cuban, U.S
A self-proclaimed "serial plant killer" went on ABC's "Shark Tank" — and came away with a $300,000 offer for his houseplant health company Flora. Flora was founded in 2022 by Aabesh De, a former Microsoft employee who quit his "cushy" six-figure job to build a soil meter and accompanying app that alerts people about the health of their houseplants. "My dear mother gave me her prized rose bush plant that she had for years," De, 29, said on the show. "I would never go for a subscription model after buying [the soil meter]," she said. "I think you're smart as hell, and I like to invest in people who are smart as hell," Greiner said.
Persons: Aabesh De, De, we've, weren't, Robert Herjavec, Mark Cuban, Kevin O'Leary, O'Leary, Barbara Corcoran, Lori Greiner, Greiner, You've Organizations: Microsoft, CNBC Locations: Flora
Mark Cuban didn't want to invest in Genius Litter — until a bidding war between his "Shark Tank" co-stars annoyed him into changing his mind. If it's a high pH or a low pH, it will tell you if there's a potential health issue," said van Meer. That allowed him to put $1 million of his own cash, plus another $1 million already raised from other investors, into launching Genius Litter. "I want to build and scale this business and then sell it [strategically]," said van Meer. van Meer asked, countering with 10% split evenly among the three investors.
Persons: Mark Cuban, Ramon van Meer, van Meer, Van Meer, Robert Hervajec, Emma Grede, Herjavec, Lori Greiner, Kevin O'Leary, Lori, O'Leary, Van Meer wasn't, Greiner Organizations: ABC Locations: Austin , Texas
Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."
Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, , Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont
You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."
Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles
Fishwife, a trendy tinned seafood company, was valued at around $5 million on Shark Tank. Millstein said on the ABC program that her premium preserved fish company has grown to about $5.8 million in annual sales. "I don't know these people, I don't eat tinned fish, and I am here for this drama," one viewer commented. The Shark Tank episode aired this month, but it was filmed in the summer of 2023, per an ABC spokesperson. On Shark Tank, Millstein reeled in Nelson and Greiner, receiving $350,000 in exchange for 6% to 8% of the company.
Persons: Becca Millstein, Caroline Goldfarb, , Rebecca Millstein, Condé, Goldfarb, Fishwife, Millstein, Lori Greiner, Candice Nelson, Casey Lewis, Lewis, Greiner, we're Organizations: Service, Vogue, The New York Times, ABC, Fishwife, Google, Securities and Exchange Commission Locations: writeups, The, Millstein, Nelson
Sometimes, striving for perfection can stunt your success — or, at least, keep you from landing a six-figure deal on ABC's "Shark Tank." Kelly, 36, is the founder of Anchorage, Alaska-based Heather's Choice, which sells lightweight, packable meals — just add hot water — and ready-to-eat snacks for outdoor adventurers. An adventurer herself, Kelly started the company in 2014, and raised $1.3 million in fundraising by the time of the episode's taping, she said. Heather's Choice had its first million-dollar revenue year in 2022, indicating an upward trajectory, Kelly noted. Instead of building upon the smaller and cheaper packaroon, the investors advised Kelly to market her meals to a wider audience, like students and working professionals.
Persons: Heather Kelly, Kelly, Heather's, You've, Mark Cuban, Lori Greiner, Candace Nelson, packer, Heather Locations: Anchorage , Alaska, Alaska
It's official: Mark Cuban says he's leaving ABC's "Shark Tank" after more than a decade on the show. His 12 years — and counting — on "Shark Tank" have produced memorable moments, ranging from laugh-inducing to heartstring-pulling. Here are three of the most notable ones:The largest offer in 'Shark Tank' historyDuring Season 6, Cuban made the biggest offer in "Shark Tank" history to Arum, Soo and Dawoon Kang, the sisters behind dating app Coffee Meets Bagel. "How many people can say they baited a Shark ... even better, the biggest Shark, and [still] came away with a deal?" Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."
Persons: Mark Cuban, He's, he's, Dawoon Kang, Kang, Bagel, Cuban, Justin Crowe, Crowe, Lori Greiner, Kevin O'Leary, O'Leary, Donovan, Trey Brown, Barbara Corcoran, Warren Buffett Organizations: Hollywood, NBA's Dallas Mavericks, CNBC, Cuban, Sharks, Golden State Warriors, Mavericks Locations: Cuban, Los Angeles
Mark Cuban says he's leaving "Shark Tank" after more than a decade on the show. As of 2022, Cuban says he invested $29 million in "Shark Tank" businesses, Forbes reports. AdvertisementABC's "Shark Tank" will soon be down a billionaire if Mark Cuban makes good on his plan to leave the show. ABC declined to comment on whether "Shark Tank" will continue if Cuban leaves after season 16. AdvertisementIn 2022, Cuban told Forbes that he'd invested $29 million in at least 85 companies at that point in his time as a "Shark Tank" judge.
Persons: Mark Cuban, , Cuban, Matt Barnes, Stephen Jackson, Barbara Corcoran, Lori Greiner, Daymond John, Kevin O'Leary, Robert Herjavec, Forbes, he'd Organizations: Forbes, Service, NBA, Hollywood, ABC, Cuban Locations: Cuban
The 82-year-old co-founder of hunting manufacturer Air Boss Outdoors joined up with his business partner, Keith Lindsey, to pitch a product called the Krapp Strapp on Friday's episode of ABC's "Shark Tank." The Krapp Strapp is a weatherproof strap designed to help hunters, campers and outdoorsmen relieve themselves more comfortably. Cuban gave Legg and Lindsey similar feedback, saying he'd only make them an offer if everyone else's proposals were "nasty." The Krapp Strapp duo accepted, garnering praise from Cuban. "Now, you two [Greiner and John] can say you help people do the deuce outdoors," Legg said, on his way out.
Persons: Bob Legg, Keith Lindsey, It's, Lindsey, Legg, Legg chimed, Mark Cuban's, Robert Herjavec, Kevin O'Leary, Strapp, Herjavec, he'd, Lori Greiner —, Daymond John, Greiner, Bob, Cuban, John, Warren Buffett Organizations: Air, Outdoors, CNBC, Cuban Locations: U.S, Jacksonville , Texas
When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.
Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States
On Friday's episode, that kid was Gavin Batarse, an avid baseball player and the CEO of Glove Wrap. "Just place a ball in a glove and wrap it up with Glove Wrap. Some players wrap baseball gloves in rubber bands or stuff them under sofas. The potential market is large, spanning millions of kids and Major League Baseball players alike in the U.S. alone. The deal: $50,000 for a 22% equity stake in Glove Wraps.
Persons: Gavin Batarse, Jon, Morgan Batarse, Gavin, sofas, Gavin didn't, Mark Cuban, Michael Rubin, " Rubin, Still, Rubin, he'd, Cuban, Mark, Morgan, Gavin isn't, Sofi Overton, Lori Greiner, Daymond John, Barbara Corcoran Organizations: Baseball, Major League Baseball, Sporting Goods, Sharks, Wise, Products, Twitter, CNBC Locations: Orange County , California, U.S, Cuban
The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"
Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC
CNN —Gambling in the crowds on the PGA Tour? “The environment we put out at a PGA Tour event, we believe, is best in class, so you balance that with the fun. And that’s long been an issue out here, really, since the beginning of the PGA Tour. Kevin C. Cox/Getty ImagesDennis was joined at the press conference by PGA Tour commissioner Jay Monahan, who added that Saturday’s incident was “unfortunate,” but ultimately, uncommon. We have tremendous fans that have tremendous respect for what these players need to do in order to provide and present the tremendous performances they do.”
Persons: Jon Rahm, Max Homa, they’re, Homa, , Chris Kirk, caddie Joe Greiner, Greiner, , ” Homa, , Viktor Hovland, Dylan Buell, Rahm, ” Rahm, “ It’s, Michael Reaves, Tyler Dennis, Kirk, ” Dennis, Jay Monahan, Kevin C, Cox, Dennis, ” Monahan Organizations: CNN, BMW, Olympia Fields Country Club, Getty, East Lake Golf Club, , PGA, BMW Championship Locations: Homa, Illinois, Atlanta, East Lake
Today, she's made over $4.9 million in lifetime revenue — and a lesson from guest shark, Emma Grede, helped her do it. Philomina Kane was 26 years old when the clothing business she started with $500 landed her a six-figure deal on ABC's "Shark Tank." Grede's advice ended up proving immediately useful while Kane deliberated her "Shark Tank" deal. "Shark Tank was one of the best moments of my life," she says. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."
Persons: Kane, she's, Emma Grede, Philomina Kane, Lori Greiner, Emma, it's, Warren Buffett Organizations: CNBC, Kin Apparel, Apparel, Kin
Barbie likely wouldn't exist if Mattel's founder hadn't stumbled across Bild Lilli, a plastic doll based on a comic strip. The first Barbie doll, from 1959, had Lilli's red lips, high blonde ponytail, and winged eyeliner. But these dolls had flat chests, big bellies, and squatty legs – they were built like overweight six- or eight-year-olds," Handler wrote. The newspaper began making Lilli dolls in 1955 because of the comic's popularity and to market the newspaper. "Here were the breasts, the small waist, the long, tapered legs I had enthusiastically described for the designers all those years ago," Handler wrote.
Persons: Barbie, hadn't, Ruth Handler, , Ruth Handler —, Mattel —, Barbara, Handler, Lilli, SSPL, Axel Springer publication's, Reinhard Beuthein, Robin Gerber, Ruth, Gerber, Elliot, Frederic Neema, Mattel, Lobel, Greiner, Louis Marx, Marx, Fiona Hanson, Hausser Organizations: Bild Lilli, Service, Mattel, Getty Images, Hausser, Getty, Greiner, Hausser's Locations: Europe, Lucerne, Swiss, Los Angeles, Lilli, New York
You don't often see an investor taking an entrepreneur's idea and giving it to a competitor, but that's exactly what Mark Cuban did on Friday's episode of ABC's "Shark Tank." During the episode, Justin Crowe pitched his 3-year-old cremation alternative startup Parting Stone to investors, including Cuban. Eterneva currently focuses on turning ashes into diamonds, and Cuban viewed Parting Stones' offerings as a great second product line. Lori Greiner called Parting Stones "genius," and Kevin O'Leary said the category was right up his alley. Crowe rejected them all, saying that Parting Stone had both direct-to-consumer sales and business-to-business sales through funeral homes — and he'd only pay royalties from the consumer side.
While on a camping trip, someone asked Thurmond to create a firepit that wasn't so "massive" and "cumbersome," Thurmond said. Cuban, himself a billionaire entrepreneur, seemed impressed by Thurmond's commitment to getting his product right. Thurmond asked the show's panel of investors — including Cuban — for $200,000 of funding, in exchange for a 10% equity stake in LavaBox. Then, Lori Greiner asked Thurmond a question: What's the most important thing to you in a partner? She offered Thurmond $200,000 for a 15% equity stake, adding a 75 cent royalty per product sold until making back her investment.
When Jeremy Carlson was a college freshman, he started selling ice cream cones from a tent by the side of the road. The cooking style, which he discovered during a mission trip to the Czech Republic, ultimately led to two brick-and-mortar ice cream shops called Crispy Cones — and a $200,000 investment deal with Barbara Corcoran on Friday's episode of ABC's "Shark Tank." Carlson's earnings as an Uber and Lyft driver, along with a Small Business Administration loan and $190,000 credit line, helped Crispy Cones move from a tent to a trailer to the two storefronts. Together, the couple asked for a $200,000 investment in exchange for 10% of Crispy Cones. Corcoran offered the Carlsons a more lucrative deal: $200,000 for 20% of Crispy Cones' equity.
The whipped, frozen Greek yogurt delicacy she put together became Sweetkiwi, a Dallas-based food startup founded in 2011. And on Friday's episode of ABC's "Shark Tank," Eigbe and her business partner — her husband, Michael Kindele — landed a $250,000 investment deal with Robert Herjavec valuing the company at more than $1.5 million. She initially offered the Sharks 5% of her company for that $250,000 investment, noting that the money would go toward brand-building and marketing. The duo expressed confidence despite their industry's heavy competition, noting that Sweetkiwi pints have less sugar than most other frozen yogurts. Herjavec's final offer was $250,000 for a 16% stake in the company — which Sweetkiwi accepted.
Mark Cuban typically only invests in companies if he can see himself — or his NBA team, the Dallas Mavericks — using their products. On Friday's episode of ABC's "Shark Tank," he made an exception on behalf of his two daughters and his wife, making a $400,000 investment deal with San Francisco-based makeup company Youthforia. Robert Herjavec said he didn't understand what made the product unique, and Lori Greiner said she didn't use oil-based makeup. That's when Cuban came back in, saying he'd offer $400,000 for 10% without a royalty deal, because his daughters and wife would "understand" the product. O'Leary, growing frustrated, said he'd give $400,000 for 7.5%, but wanted a 75-cent royalty until he made $1 million.
Since going viral on social media, the company has generated over $1 million in revenue, according to ABC7. Videos on Plufl's official TikTok account have garnered several million views and comments from users who are intrigued by the human-sized dog bed. I'll just get an actual dog bed," one user wrote. Plufl met the skepticism with their reasons for the pricing, noting the product is more than just a large dog bed. Amid the online success, Silverman and Kinoshita appeared on "Shark Tank" in October 2022 where they secured a $200,000 deal from Mark Cuban and Lori Greiner.
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